SBI Gold Loan Interest Rates

Numerous appealing characteristics of the SBI Gold Loan are included; a few of them are listed below

• Flexible loan amount: Borrowers may receive loans ranging from 20,000 to 50 lakh rupees.
• Flexible payback period: The maximum time allowed to repay the loan through EMIs is between 12 and 36 months.
• Prepayment: SBI does not levy prepayment fees for loans that are prepaid by the borrower.
• Flexible loan repayment options: Customers can repay their SBI Personal Gold Loans through gold loans, liquid gold loans, or bullet repayment gold loans.
• Gold objects used as security are returned when the loan is repaid.
• Rapid approval: This loan is simple to obtain and requires little documentation.
• Low processing fee:  The processing fee charged by SBI is 0.25 percent of the loan amount.

Interest rates for SBI Agriculture Gold Loans are the same as for all other loans; the bank does not offer a specific interest rate for SBI Agriculture Gold Loans. To cover your agricultural-related expenses, you might apply for a gold loan.

People who want to apply for a loan under the Gold Loan program must meet a few minimal qualifying requirements.

1. Age - In order to be eligible for this program, a borrower must be at least 18 years old.
2. Income: A candidate must have a reliable source of income. He or she may work in any profession and have the money to pay back the loan. You would not need to provide any proof of income if you're a banker or a retiree.
   

• A legitimate, officially recognized ID proof (such as a PAN card, driver's license, voter ID, etc.)
• Address proof - A legitimate, officially recognized address proof (Utility bill, Passport, DL, etc.)
• Two passport-size photos of the applicant are required.
• The application form has been properly completed and signed.

SBI, in contrast to other banks, levies a small processing fee, the amount of which is determined by the caliber of the gold pledged as security. SBI levies a processing fee of 0.25 percent of the loan amount, with a minimum of Rs 250, and there is no price if the application is submitted through YONO.

On the website, you can apply for a gold loan from SBI Bank. Simply follow the instructions listed below, and we'll make sure that you receive your gold loan promptly and without any problems.

Step 1: To access the application form, click here.

Step 2: Enter the necessary information, such as the desired loan amount, your name, phone number, and PIN code.

Step 3: Select Continue.

Step 4: To finish the application procedure, adhere to the on-screen directions.

• SBI Personal Loan Interest Rates
• SBI Car Loan Interest Rate
• SBI Home Loan Interest Rate